He called on the City Limousines India Ltd helpline for the same, but did not get any
satisfactory response. He called on the Toll Free/24X7 Helpline: 23814792 at 2:16 PM on 12
September 2009. A lady picked the call but did not show any interest to resolve his
query/concern. She ended the call stating that the company will dispatch a letter after 20th
September, after which Deepak could check regarding the same.
According to Deepak, City Limousines India Ltd. is an ISO-approved company and it seems
improbable that a cheque for Rs.6,000 issued by such a large company could bounce for
insufficient funds. He sent an e-mail to the company ID but did not receive any reply on the
same. Deepak reasoned that such actions on the part of the company may amount to fraud
on its investors and he decided to file a law suit against the company.
Discussion Questions:
1. What are the conditions that should be checked by Deepak before filing the law suit?
2. What are the penalties that can be enforced on the company?
(Refer unit 8)
1. Explain the meaning and requisites of bailment? How is it different from pledge? (Refer unit 4)
2. Who is an unpaid seller? What are his rights? (Refer unit 7)
3. What are the characteristics of a company? What do you mean by memorandum of Association?
(Refer unit 13)
4. What is partnership? Briefly state the special features of a partnership on the basis of which its
existence can be determined under the Indian Partnership Act. (Refer unit 6)